Payoff letters aren't the only way to learn about your current loan balance. You can also talk to your lender and request a verbal payoff quote.Please note: this process can take up to 30 days to be completed. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Edit, sign, and share payoff letter water online online. No need to install software, just go to DocHub, and sign up instantly and for free. What is a Payoff Letter? If you aren't enrolled in our auto debit program, we encourage you to sign up for the easiest, most convenient way to make your payments!